FACTORS OF PRODUCTION - CAPITAL
CONTENT- Meaning of Capital (Money)
- Characteristics of Capital
- Types of Capital/Assets
- Differences between Fixed Capital and Working Capital
- Importance of Capital in Agriculture
Meaning of Capital (Money)
Capital refers to all man-made productive assets which are used in production e.g. hoes, plough, farm building, cash etc. OR These are assets made by man to enable him to produce goods and services.Characteristics of Capital
The following are the characteristics of capital:You are viewing an excerpt of this lesson. Subscribing to the subject will give you access to the following:
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